Paul Jones Of Bridge Logistics Properties Acquires Industrial Asset In Fontana For $174.31M

The property involved in the transaction is located at 10681 Production Avenue in the Fontana market. This industrial asset has a sale price of $174,312,000 and encompasses 1,101,900 square feet, translating to a price per square foot of $158.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $174,312,000
• Address: 10681 Production Avenue
• Market: Fontana
• Square Footage: 1,101,900
• Price per Square Foot: $158
• Buyer: Paul Jones - Bridge Logistics Properties
• Brokers: Juan Gutierrez, Shy Assar & Mike Hefner - Voit Real Estate Services

Juan Gutierrez expressed that the acquisition represents the strong investor interest in Southern California's industrial sector, highlighting the value of large-scale distribution facilities in the Inland Empire. The deal was sourced entirely off-market, showcasing Voit's expertise in identifying investment opportunities through their regional relationships and market intelligence.